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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
+0.33%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$12.4B
AUM Growth
-$256M
Cap. Flow
-$114M
Cap. Flow %
-0.92%
Top 10 Hldgs %
22.57%
Holding
956
New
17
Increased
679
Reduced
171
Closed
16

Top Buys

Rank Stock Value
1
GILD icon
Gilead Sciences
GILD
+$119M
2
AGNC icon
AGNC Investment
AGNC
+$85.4M
3
EXC icon
Exelon
EXC
+$81.7M
4
XYZ
Block Inc
XYZ
+$52.6M
5
MTGE
MTGE Investment Corp. Common Stock
MTGE
+$38.9M

Top Sells

Rank Stock Value
1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$266M
2
VZ icon
Verizon
VZ
+$189M
3
VR
Validus Hold Ltd
VR
+$141M
4
PG icon
Procter & Gamble
PG
+$91.3M
5
CELG
Celgene Corp
CELG
+$32.3M

Sector Composition

Rank Sector Weight
1 Financials 18.14%
2 Technology 16.4%
3 Healthcare 14.86%
4 Communication Services 8.71%
5 Consumer Discretionary 8.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DISH
526
DELISTED
DISH Network Corp.
DISH
$2.54M 0.02%
67,100
+300
+0.4% +$13.2K
WRB icon
527
W.R. Berkley
WRB
$26.6B
$2.54M 0.02%
117,973
+1,350
+1% +$28.2K
WAB icon
528
Wabtec
WAB
$49.3B
$2.54M 0.02%
31,200
+500
+2% +$40.2K
NDSN icon
529
Nordson
NDSN
$17.3B
$2.53M 0.02%
18,560
+300
+2% +$42.4K
MOS icon
530
The Mosaic Company
MOS
$7.33B
$2.5M 0.02%
103,182
+300
+0.3% +$7.89K
GXP
531
DELISTED
Great Plains Energy Incorporated
GXP
$2.5M 0.02%
78,610
+1,100
+1% +$33.5K
FRT icon
532
Federal Realty Investment Trust
FRT
$10.3B
$2.5M 0.02%
21,516
+200
+0.9% +$23.6K
SNA icon
533
Snap-on
SNA
$21.5B
$2.47M 0.02%
16,735
– –
RVTY icon
534
Revvity
RVTY
$12.8B
$2.46M 0.02%
32,529
+200
+0.6% +$15.4K
ARW icon
535
Arrow Electronics
ARW
$10.4B
$2.46M 0.02%
31,962
+300
+0.9% +$24.3K
JNPR
536
DELISTED
Juniper Networks
JNPR
$2.46M 0.02%
101,196
-8,700
-8% -$231K
CPB icon
537
Campbell Soup
CPB
$6.87B
$2.45M 0.02%
56,659
+300
+0.5% +$13.5K
PII icon
538
Polaris
PII
$4.07B
$2.45M 0.02%
21,400
+500
+2% +$60.2K
TTC icon
539
Toro Company
TTC
$9.49B
$2.44M 0.02%
39,100
+400
+1% +$25.5K
EV
540
DELISTED
Eaton Vance Corp.
EV
$2.44M 0.02%
43,800
+1,400
+3% +$79.5K
TDY icon
541
Teledyne Technologies
TDY
$32B
$2.43M 0.02%
13,000
+300
+2% +$56.7K
HUBB icon
542
Hubbell
HUBB
$27.2B
$2.42M 0.02%
19,914
+300
+2% +$39.5K
ALLE icon
543
Allegion
ALLE
$14.4B
$2.39M 0.02%
27,985
+100
+0.4% +$8.38K
OGE icon
544
OGE Energy
OGE
$9.71B
$2.39M 0.02%
72,820
+1,000
+1% +$31.6K
JBLU icon
545
JetBlue
JBLU
$2.29B
$2.38M 0.02%
117,323
+2,100
+2% +$44.6K
WST icon
546
West Pharmaceutical
WST
$24.9B
$2.38M 0.02%
27,000
+300
+1% +$28.1K
NI icon
547
NiSource
NI
$20.4B
$2.37M 0.02%
99,302
+600
+0.6% +$14.2K
FAF icon
548
First American
FAF
$7.58B
$2.37M 0.02%
40,400
+600
+2% +$35.2K
FLR icon
549
Fluor
FLR
$7.96B
$2.35M 0.02%
41,153
+200
+0.5% +$11.5K
BDX icon
550
Becton Dickinson
BDX
$48.2B
$2.35M 0.02%
11,124
– –
20 21
22
23 24

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

State of Michigan Retirement System's Q1 2018 Portfolio in Review

As of Q1 2018, State of Michigan Retirement System held 956 positions worth $12.4B, down 2% from $12.7B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Trading was light in Q1 2018: portfolio turnover was 3.5%. State of Michigan Retirement System opened 17 new positions and exited 16, leaving the 956-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 20% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q1 2018 buy was MTGE Investment Corp. Common Stock: 2,200,000 shares worth $39.4M.
  • State of Michigan Retirement System added most to Gilead Sciences in Q1 2018, an estimated $119M increase.
  • State of Michigan Retirement System's biggest Q1 2018 reduction was Berkshire Hathaway Class B, cutting an estimated $266M.
  • State of Michigan Retirement System fully exited Validus Hold Ltd in Q1 2018, selling an estimated $141M.
  • State of Michigan Retirement System's ten largest holdings make up 23% of its $12.4B portfolio in Q1 2018.
  • State of Michigan Retirement System opened 17 new positions and closed 16 in Q1 2018.
  • State of Michigan Retirement System's portfolio value fell 2% quarter-over-quarter to $12.4B.

Based on State of Michigan Retirement System's 13F filing for Q1 2018, filed 8 May 2018.